Haverty CFO exercises RSUs, covers taxes in shares
Haverty Furniture Companies EVP and CFO Richard B. Hare reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Haverty Furniture Companies EVP and CFO Richard B. Hare reported routine equity compensation activity. On May 8, 2026, he exercised restricted stock units covering 4,319 shares of common stock and had 1,959 shares withheld at $22.20 per share to satisfy tax obligations, resulting in 29,482 common shares held directly. He also continues to hold unvested performance and time-based restricted stock units that may convert into additional common shares over future vesting dates.
Insider Trade Summary
4,319 shares exercised/converted
Exercise
12 txns
Insider
Hare Richard B
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSUs 2023 | 1,195 | $0.00 | $0.00 |
| Exercise | RSUs 2024 | 1,188 | $0.00 | $0.00 |
| Exercise | RSUs 2025 | 1,936 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,195 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,188 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,936 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,959 | $22.20 | $43K |
| holding | RSUs 2026 | -- | -- | -- |
| holding | PRSUs 2024 | -- | -- | -- |
| holding | PRSUs 2025 | -- | -- | -- |
| holding | PRSUs 2025.1 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
RSUs 2023 — 0 contracts (Direct);
RSUs 2024 — 1,188 contracts (Direct);
RSUs 2025 — 3,757 contracts (Direct);
Common Stock — 29,482 shares (Direct);
RSUs 2026 — 5,970 contracts (Direct);
PRSUs 2024 — 3,494 contracts (Direct);
PRSUs 2025 — 13,498 contracts (Direct);
PRSUs 2025.1 — 2,737 contracts (Direct);
Class A Common Stock — 10,000 shares (Direct)
Footnotes (7)
- F1. Restricted Stock Units granted 1/26/2023 and vest ratably over 3 years beginning 5/8/2024. Each RSU is equivalent to one share of common stock upon vesting.
- F2. Restricted Stock Units granted 1/25/2024 and vest ratably over 3 years beginning 5/8/2025. Each RSU is equivalent to one share of common stock upon vesting.
- F3. Restricted Stock Units granted 1/23/2025 and vest ratably over 3 years beginning 5/8/2026. Each RSU is equivalent to one share of common stock upon vesting.
- F4. Restricted Stock Units granted 1/22/2026 and vest ratably over 3 years beginning 5/8/2027. Each RSU is equivalent to one share of common stock upon vesting.
- F5. Performance Restricted Stock Units ("PRSU") award granted 01/25/2024. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on EBITDA for the year ended December 31, 2024, and will vest on February 28, 2027.
- F6. Performance Restrict Stock Units ("PRSU") award granted 01/22/2025. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on EBITDA for the year ended December 31, 2025 and will vest on February 28, 2028.
- F7. Performance Restrict Stock Units ("PRSU") award granted 01/22/2025. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on consolidated sales for the year ended December 31, 2025 and will vest on February 28, 2028.
Key Figures
RSU exercises: 4,319 shares
Tax-withholding shares: 1,959 shares at $22.20
Direct common holdings: 29,482 shares
+5 more
8 metrics
RSU exercises
4,319 shares
Common stock acquired via RSU exercises on May 8, 2026
Tax-withholding shares
1,959 shares at $22.20
Shares delivered to cover tax liabilities on May 8, 2026
Direct common holdings
29,482 shares
Common stock held directly after transactions
PRSUs 2025
13,498 underlying shares
Performance RSUs tied to EBITDA for year ended Dec. 31, 2025
PRSUs 2024
3,494 underlying shares
Performance RSUs tied to EBITDA for year ended Dec. 31, 2024
RSUs 2026
5,970 underlying shares
Time-based RSUs vesting ratably over three years beginning May 8, 2027
Tax-withholding count
1 transaction
Form 4 tax-withholding disposition coded F
Derivative exercises
4,319 shares
Total derivative exercise shares in transaction summary
Key Terms
Restricted Stock Units, Performance Restricted Stock Units ("PRSU"), EBITDA, tax-withholding disposition, +2 more
6 terms
Restricted Stock Units financial
"Restricted Stock Units granted 1/26/2023 and vest ratably over 3 years"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Restricted Stock Units ("PRSU") financial
"Performance Restricted Stock Units ("PRSU") award granted 01/25/2024"
EBITDA financial
"earned based on EBITDA for the year ended December 31, 2024"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest ratably over 3 years financial
"Restricted Stock Units granted 1/23/2025 and vest ratably over 3 years"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Haverty (HVT) EVP and CFO Richard B. Hare report in this Form 4?
Richard B. Hare reported routine equity compensation activity, exercising restricted stock units into common shares. The filing also shows a portion of shares withheld to cover tax obligations and updates his remaining equity and stock unit holdings with Haverty Furniture Companies.
What restricted stock units (RSUs) does the Haverty (HVT) CFO still hold?
The filing shows remaining RSUs labeled RSUs 2026, with 5,970 underlying shares. Footnotes explain these RSUs vest ratably over three years starting on specific future dates, and each vested RSU converts into one share of Haverty common stock upon vesting.
What performance restricted stock units (PRSUs) are outstanding for Haverty (HVT) CFO Richard B. Hare?
Outstanding PRSUs include awards such as PRSUs 2025 and PRSUs 2024, covering 13,498 and 3,494 underlying shares respectively. Footnotes state these PRSUs were earned based on EBITDA or consolidated sales performance and will vest on specified future dates.
Was the Haverty (HVT) CFO’s Form 4 transaction an open-market sale or purchase?
The Form 4 does not report open-market purchases or sales. Instead, it records derivative exercises of restricted stock units and a tax-withholding disposition coded as F, where shares were delivered to cover tax liabilities rather than sold in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
